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7.1. SR 10-20-2014
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7.1. SR 10-20-2014
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10/21/2014 11:06:04 AM
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00 <br /> 0 <br /> Y <br /> V yam. <br /> 2 <br /> go Q z <br /> O <br /> O <br /> The Coin-Tainer°Co. LLC <br /> necessary to serve the retail market. In 2008 they obtained Walmart's direct sale business for <br /> raffle ticket rolls. Within months they were removed from the vendor position for their inability to <br /> supply the volume and meet the necessary quality standards. The ticket roll business was then <br /> awarded to Coin-Tainer and remains there today. Premier Southern's product offering crosses <br /> several categories and focuses less on roll tickets and more on card tickets, coat checks and <br /> transit tickets. <br /> Comparable Products <br /> Plastic wrappers are an option for rolling and storing coins, but almost exclusively used in <br /> Canada. The wrappers are reusable but also mean consumers have to keep track of them and <br /> store them when not in use. In the United States, paper wrappers have proven to be more <br /> popular. <br /> X. Timing <br /> It would have a large impact on the future of The Coin-Tainer should The Walters receive the <br /> tax abatement from the City and County of Elk River to the fullest extent possible. Due to the <br /> losses incurred post-fire, The Coin-Tainer is in need of additional support to help reestablish full <br /> operations. The Coin-Tainer operating company currently has only a short term lease in the <br /> industrial park, if the Walters were to receive the funding, they could purchase the building, <br /> resulting in a more long term and stable operating environment for the company. <br /> XI. Financials <br /> 10 <br />
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